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{
    "id": 158098,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/158098/?format=api",
    "text_counter": 210,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The time-bomb that this Government is facing now is unemployment and access to finance by women. It is important that both the Youth Enterprise Development Fund and the Women Enterprise Development Fund are distributed in a more transparent manner so that the youth and women on the ground have access to these funds. The interest charged on the funds should be the one recommended by the Treasury. What has been happening is that the Treasury transmits the funds to the ground through certain financial institutions, which give out the money to the youth and women. However, those institutions give out the money on difficult terms. Consequently, many applicants either do not qualify or if they do and get the funds, the interest rate charged is so high that, invariably, they default. The whole purpose of the funds is missed out. It is important that we make information on these funds quite clear so that the youth and women can use them as required."
}